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Econergy secures €25 million project financing for its 56 MW Scurtu Mare solar project in Romania

Published in: Solar, Press Releases

Econergy secures €25 million project financing for its 56 MW Scurtu Mare solar project in Romania image

November 4, 2025 – Econergy Renewable Energy (TASE: ECNR), a leading European Independent Power Producer (IPP), has signed a €25 million project-finance agreement with Vista Bank (Romania) S.A. for its 56 MW Scurtu Mare solar project in Teleorman County, Romania.

The financing facility will be used, among other things, to refinance shareholder and bridge loans previously extended by the Phoenix Group and related entities to the project company for construction.

Key loan terms

  • Interest: Three-month EURIBOR + an annual margin of 2.5%–3.5%, In line with the facility agreement, the lender retains the option to adjust the margin, as needed.
  • Final maturity: October 30, 2040.
  • Repayments: Quarterly principal and interest payments beginning December 31, 2025; principal grace period until March 31, 2026.

In line with Econergy’s hybridization strategy, the company also plans to add a 42MW BESS to the site, representing an additional investment of €12M. The storage component is expected to contribute approximately €5M in additional annual revenues and an EBITDA of €4M (representative year, based on the average of the first five full years of operation).

As part of its project-finance growth strategy, Econergy continues to implement a dedicated financing model for each asset, enabling balanced growth while maintaining financial stability and efficient capital deployment. The company is on track to reach around €514M in total project-finance closings by the end of H1 2026.

About Econergy

Econergy Group (TASE: ECNR) is a leading European IPP and active developer specializing in solar PV, Wind, and Energy Storage projects across key European markets, including Germany, the UK, Italy, Spain, Romania, Poland, and Greece. With a robust project pipeline exceeding ~14GW, Econergy is at the forefront of driving Europe’s renewable energy transition.

The company’s local teams provide a strategic advantage, ensuring close collaboration with regulatory entities and local communities. Econergy’s solid strategic partnerships are key to securing project funding and further. Additionally, the company generates revenue across the entire value chain by selling electricity, earning development and operation fees, and selling projects at various stages of development, ensuring a diversified and sustainable income stream. https://www.econergytech.com/

For media enquiries please contact:

GlobalCom PR Network
Caroline Hannig-Sachon / Wibke Sonderkamp
Caroline(at)gcpr.net / Wibke(at)gcpr.net
Phone: +49 89 360363-42 / +49 89 360363-40

Corporate Contact:

Eliana Horenczyk
Marketing manager, ECONERGY RENEWABLE ENERGY
eliana@econergytech.com

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